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to the system do you think are required? how deep? >> please understand that current law, the president's law right now, the law of the land, makes it so that medicare, medicaid and social security all are on a road to insolvency. that's the current law. we believe that those three programs, medicaid, medicare and social security need to be saved and strengthened and secured. through our budget proposal we've had out the last two years we have put forward a proposal that actually makes it so that current retirees, current medicare recipients see no change whatsoever but in fact we save and secure the program for future generations. that the medicaid program which again is on a path to insolvency and states are complaining vociferously about this that we actually save that program from a financial standpoint. there are wonderful proposals on the table about solving and saving social security. you can't address the spending issues without fundamental really form and real solutions for medicare, medicaid and social security. >> brown: just to stay with you, won't those be unpopular? after this e
greece to actually change its laws so private creditors could no longer sue to collect if enough other creditors, like the e.c.b., also owned greek debt. could that serve as model for other countries? well, once you start changing laws, says hans humes, the sky's the limit. >> right now, we're teetering on something that's far worse than what we saw in latin america. >> reporter: in the 1980s or '90s you mean. >> yeah, i mean i lived in latin america, i saw it and i was part of the workout. this is worse. >> reporter: does lee buchheit then... >> have a lot of work? ( laughter ) >> reporter: yeah, i'm sure he has a lot of work, but does he bear a lot of the blame? >> no, no. i mean he's just reacting to the situation that's evolving. but i think there's a lot of concern that, if you have this legal coaching on how to really gut creditor rights, that you may actually end up in a situion ere nobodyantsto lend to countries. >> reporter: but if that's already a clear and present danger, we wondered why not just stiff the creditors? after all the history of sovereign debt is default, defaul
Search Results 0 to 6 of about 7 (some duplicates have been removed)